Real-estate investors are betting on Amazon’s HQ2 pick

Amazon plans to unveil the site of its second North American headquarters, commonly known as HQ2, by the end of this year. After receiving 238 separate bids, the company in January shortlisted 19 cities in the US and one in Canada. With a little over two months left in the year, interested parties are placing their bets on which city Amazon will pick.

Real-estate investors are buying up property in cities they think are likely to land the new headquarters, the Wall Street Journal reported(paywall) on Oct. 22. Speculators are particularly keen on the greater Washington DC metro area, which has three separate sites on the shortlist (Montgomery County, Northern Virginia, and DC proper).

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